Bulk carrier and tanker owner Castor Maritime this week announced plans to spin off its tanker fleet into a new subsidiary called Toro.Nasdaq-listed Castor, which owns a fleet of 20 bulk carriers and eight tankers, said the newly formed Toro…
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All American Marine to Build Patrol Boat for Calif. Fish and Wildlife
Bellingham, Wash. shipbuilder All American Marine, Inc. (AAM) announced it has been awarded a contract to build an new 74’ patrol vessel for the California Department of Fish and Wildlife (CDFW).CDFW manages California's diverse fish, wildlife and plan...
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Baltic Dry Index Posts Weekly Fall
The Baltic Exchange's dry bulk sea freight index fell to a more than two-month low on Friday and posted a weekly decline as demand for capesize vessels dropped.The overall index, which factors in rates for capesize, panamax and supramax shipping vessel...
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Fujairah Bunker Sales Slide 2% in October
Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627…
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Britain Says Drone Circles Vessel in Gulf of Oman
Britain's maritime agency said a drone circled a ship in the Gulf of Oman on Friday, three days after an Iranian-made drone attacked a tanker in the region.The Maritime Trade Operations (UKMTO), which is part of the Royal Navy, said the incident took p...
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Maersk Line Settles Sexual Assault Suit with Midshipman-X Hope Hicks
Maersk Line, Limited (MLL), a U.S. subsidiary of Danish shipping giant A.P. Moller - Maersk, has resolved a sexual assault and harassment suit filed by former U.S. Merchant Maritime Academy (USMMA) cadet Hope Hicks.Hicks shook the international…
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Seymour Sun, Grouse Sun Garner Green Ship Award
Delivered in January 2022 and April 2022 respectively from Hyundai Mipo Dockyard in South Korea, the Seymour Sun and Grouse Sun are owned by NYK Bulkship Asia Pte. Ltd., were recognized recently with the "Green Ship Award" at the Singapore Registry…
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MPC Container Ships Appoints Fuhrmann as CFO
Oslo-based shipping company MPC Container Ships ASA on Thursday announced it has appointed Moritz Fuhrmann as Chief Financial Officer (CFO) from December 1, 2022. Fuhrmann will succeed the current CFO, Dr. Benjamin Pfeifer, who has resigned…
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Performance Shipping Buys Secondhand Aframax Tanker
Greek shipowner Performance Shipping on Thursday announced it has signed a memorandum of agreement to purchase a secondhand 105,408 dwt LR2 Aframax oil product tanker for $43.75 million.The vessel, Fos Hamilton, was built by South Korea's Hyundai…
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New Water Taxi Service Launched in Abu Dhabi
A new public water taxi service has been launched in Abu Dhabi to offer an alternative transport option between Yas Bay, Yas Marina and Al Bandar.Abu Dhabi Maritime, established by the Department of Municipalities and Transport (DMT) and AD…
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